In a column for MSNBC, an expert in sports memorabilia and trading cards and their long term value explained that fans of Donald Trump who invested in his NFT cards earlier and those hoping to cash in on a new release of digital and physical cards are going to end up with pennies on the dollar at best.
According to ISA accredited sports appraiser Michael Osacky, buying up the cards promoted by the former president is a "bad bet" whether he wins of loses in November.
As he points out, supply and demand play a strong part in the value of the cards that exists beyond the popularity of the former president and that existing cards are likely to plummet in value as the election nears.
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Pointing out that the new NFT cards, "will feature 50 new portraits of the former president, according to a promotional video Trump shared on Truth Social showing images of the cards with him dancing, holding bitcoins, standing next to a buffalo or a lion, and striking various poses, he added, "For the purchase of a minimum of 15 digital cards (priced at $99 each), Trump promises that a physical trading card, which includes a swatch of the suit he wore during the presidential debate with President Joe Biden, will be mailed to the buyer. A limited 2,024 physical cards will be printed, and Trump will sign five of those 2,024 cards."
Noting that card collectors can be broken down into enthusiasts and investors, he pointed out that investors are snapping up the physical cards in hopes of making a "quick buck" and are already posting them for sale on eBay which is a bad sign.
"Timing is important. Nobody is going to care or remember these cards come November. The time to sell is today. I would estimate the market value of each of the physical Trump trading cards to be $200 to $2,000. It’s therefore a losing proposition to buy these digital trading cards to obtain the one physical card to sell," he wrote after pointing out the expense of $1,485 to obtain one physical card as part of the digital card package.
Osacky added that physical card holders who wait until the November election to sell, based on a belief Trump will be returning to the Oval Office, will be in for a "disastrous" result.
He predicted, "If he loses, nobody will care or want the cards. If he wins, there simply will be more supply of Trump trading cards that will infiltrate the market, and more people willing to buy them. Trump may make money off the sales, but there's very little in it for any buyers wishing to do the same."
As for the digital cards, "those are worth pennies on the dollar."
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